Rival private equity groups weigh bids for Cadbury arm: rpt

SimonKennedy

LONDON (MarketWatch) -- Two private equity groups may make rival bids for Cadbury Schweppes'
uk:cbryCSG, -4.41%
U.S. soft drinks arm, according to a report in the Telegraph newspaper. Blackstone, Kohlberg Kravis Roberts and Lion Capital have formed a consortium and instructed advisers to prepare an offer, the newspaper said. At least one more consortium, thought to include Bain Capital and Texas Pacific, is also considering a bid, it added. The unit, which owns the Dr Pepper and Snapple brands, could be worth around 8 billion pounds ($15.9 billion). The newspaper said Canadian soft drinks group Cott
BCB, +0.82%
may also be examining a joint bid alongside private equity firms.

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